# CFTC Charges Several People and Companies in a $280 Million Ponzi Scheme

> CFTC release 8997-24 · 2024-10-15 · **Ponzi scheme** · ENFORCEMENT

## Key facts

- **Release number:** 8997-24
- **Release date:** 2024-10-15
- **Type:** Ponzi scheme
- **Title:** CFTC Charges Several People and Companies in a $280 Million Ponzi Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8997-24

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 8997-24, "CFTC Charges Several People and Companies in a $280 Million Ponzi Scheme", 2024-10-15. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/cftc-action/8997-24.

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